Origin has received a 6-figure investment to drive growth through research and development.
The company, which specialises in smart buildings and remote monitoring solutions has received the backing from NPIF II – FW Capital Debt Finance, which is managed by FW Capital as part of the Northern Powerhouse Investment Fund II.
The Preston firm will also create 3 technical and administrative jobs.
“Our innovative platform is helping many businesses to reduce costs, improve uptime, and support sustainability commitments,” said Peter Rawlings, CEO and Founder at Origin.
“We’re constantly striving to deliver more and this investment from NPIF II – FW Capital is helping us to implement our growth plans. Research and development are an integral part of our success and access to this working capital means we can innovate further. We have lots of exciting plans in the pipeline to enhance our existing platform, building strategic partnerships, creating greater efficiencies, and ease of use for our clients.”
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Rawlings set up the company in 2016 to allow customers to have total remote monitoring of their assets and buildings, with the technology making all sensors and controls available in a single cloud portal.
Having developed its own software platform and app, it’s seeking to harness the potential of data collection within buildings and spaces to drive efficiency, identify enhance workspaces and deliver substantial cost savings for businesses.
“It’s a very clever solution that supports the changing needs of today’s business owners, addressing the increased need to access information about buildings from energy efficiency to occupancy levels. Origin is making real change here and I’m pleased to support them with the next stage of their development,” added Steve Molyneux, Senior Investment Executive at FW Capital.
